India, April 7 -- The shares of this small cap company majorly engaged in manufacturing and selling of safety systems and software services for the railways, jumped upto 10 percent after Indian Railways approved projects worth Rs. 1364 Crores

With the market capitalization of Rs. 1785 Crores, the shares of Kernex Microsystems (India) Ltd reached an intraday high of Rs. 1070 per share, rising nearly 9.2 percent from its previous day close Rs. 977 per share and is trading at a P/E of 33.8 where as industry P/E stands at 29.

Reason behind the Stock Surge: Shares of Kernex Microsystems surged upto 10 percent after Indian Railways approved projects worth Rs. 1,364.45 crore aimed at strengthening safety, signalling, and communication infra...